About Business
The Valero Energy Corporation is an American based multinational company that produces fuels, and also has an arm in manufacturing and transportation of fuels. The company is based in San Antonio, Texas, U.S. It was founded in 1980 by William Greehey. Valero Energy was formed as a spinoff of LoVaca Gathering Company, a subsidiary of Coastal States Gas Corporation. Across the U.S., Valero Energy runs 15 refineries that can produce 3.2 million barrels per day. It further has two renewable diesel plants that produce about 1.2 billion gallons per year. It is estimated that Valero Energy has become one of the largest producer of corn ethanol and renewable diesel.
